11/15/08

Tough times: And last year Congress grew 13 Percent Richer

Times are tough, but don't worry about most members of Congress making ends meet.

Overall, nearly two of every three senators are millionaires. And their collective wealth grew by 13 percent last year.

Authors of the study said it's impossible to give a precise net worth for members of Congress because their individual assets and liabilities are disclosed in broad ranges. To conduct the study, the Center for Responsive Politics determined a member's minimum net worth and maximum net worth and then calculated an average, which was used to rank the members.

So the study suggests that members of Congress are in much better shape than most Americans to make it through an economic slowdown.